can you kindly answer the following question. thank you :)

(Common stock valuation) Wayne, Inc.'s outstanding common stock is currently selling in the market for $28. Dividends of $2.87 per share were paid last year, return on equity is 17 percent, and its retention rate is 26 percent. a. What is the value of the stock to you, given a required rate of retum of 16 percent? b. Should you purchase this stock? a. Given a required rate of return of 16 percent, the value of the stock to you is $ (Round to the nearest cent.)